Affordable Care Act ( Aca )

2377 WordsMay 4, 201610 Pages
In spite of Affordable Care Act (ACA) being signed into existence in the United States, it is common knowledge that health care and its associated costs have continued to spiral out of control. The ACA is not considered a single payer health care plan. The average insurance amount paid by a business even while the ACA is in place, still spend per capita has exceeded food and housing. The premiums for health insurance have been increasing for years at a faster rate than inflation. The situation has caused a downturn in business and organizational economic growth and leaves businesses less money to spend on their employees in the form of base salary, raises, and bonuses. Rising health care costs in business and industry has affected such things as hiring practices in the form of offering buy-outs to near-retirement employees who are getting paid the most in hopes of rehiring younger, less expensive employees. Health care has become increasingly unaffordable for businesses and individuals. Businesses and individuals that choose to keep their health plans still must pay a much higher premium. Businesses have a budget to consider, and allot a certain amount of money that they spend on labor. If health insurance premiums are too expensive, they will have less money to spend on raises, new hires, and investments; and individuals who pay more for premiums have less money to spend on rent, food, and consumer goods, meaning that less money is pumped back into the economy. Expensive

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